Draft 2023 financial law responds to post-pandemic economy
The draft Law on Financial Management 2023 is under review with the Council of Ministers and has been drawn up in response to the Cambodian economy recovering from the Covid-19 pandemic. ...
Unfinished P Sihanouk building team formed
The government on October 12 set up an inter-institutional commission tasked with resolving the issue of unfinished buildings in Preah Sihanouk province, most of which are owned by Chinese investors. This is according to a Council of Ministers letter issued on the same date addressed to ...
Gov’t releases economic diversification report
The Council of Ministers released a summary report yesterday on key multi-sector achievements during the last five years from 2017 to 2021, which includes economic diversification of the country to showcase the Cambodian government’s continuous efforts to overcome obstacles and challenges, in particular, the Covid-19 ...
Draft investment law approved
The government has approved the draft investment law, following a plenary session of the Council of Ministers chaired by Prime Minister Hun Sen via a Zoom call on July 9. “The law is aimed at increasing Cambodia’s potential at attracting more domestic and foreign investors,” Hun ...
Two power plants get ministers council OK
The Cambodian government on Friday approved two power plant projects worth more than $1.3 billion in total in what authorities said was an effort to reduce the Kingdom’s dependence on imports. ...
Government unit publishes 132-page treatise on threat of ‘colour revolution’
The Council of Ministers released a no-holds-barred book about its efforts to root out a purported foreign-backed “colour revolution” in Cambodia yesterday, lashing out at superpowers like the United States for supposedly trying to cause “immeasurable catastrophe” in the country. ...
Mech Dara and Daphne Chen
Law against insulting the king in the works
Prime Minister Hun Sen said the Council of Ministers would hold a meeting today to prepare amendments to the constitution and the penal code to create laws against insulting the king. ...
Prime minister confirms construction of new airports
Prime Minister Hun Sen yesterday said that the kingdom will soon be serviced by two new international airports, confirming the construction of new airfields in Phnom Penh and Siem Reap. Mr Hun Sen’s announcement comes days after the Council of Ministers formally approved on Friday ...
Government plans to slim down Cabinet
Officials holding the position of secretary of state will no longer be members of the Cabinet after July’s general election, it was announced yesterday.Council of Ministers spokesman Phay Siphan said the government will soon amend the law to allow for a reduction in the number ...
Government lays out three-year plan for $5.4B public investment
Cambodia will need to spend about $5.4 billion on public investment over the next three years to maintain its economic growth while reducing poverty, according to a draft outline of the government’s three-year programme for public investment. ...
Government denounces US,EU criticism of Adhoc 5 detention
The government has lashed out at the U.S. and E.U. over their criticism of the detention of five current and former rights workers in Cambodia for more than a year, adopting the language of its critics by calling their statements “politically motivated.” ...
Trade in breast milk outlawed
The government yesterday announced a total ban on the collection and export of human breast milk, after it emerged poor women had been earning cash through the trade. ...
Draft law on trade remedies adopted
The Council of Ministers on Friday adopted a draft law on trade remedies to protect local producers, businesses, enterprises and foreign businesses operating in Cambodia from imported products being sold below their cost base. ...
Acleda to issue new ATM cards
Acleda Bank will issue new ATM, debit and credit cards to all its customers nationwide with the new bank logo, in compliance with an order issued by the Council of Ministers, said the bank’s CEO yesterday. ...
Bank ordered to replace its logo
ACLEDA Bank, Cambodia’s largest bank in terms of assets, will have to shell out millions in the next three weeks to comply with a Council of Ministers decision last Friday that the private financial institution must redesign and replace its logo on all company materials ...
Royal gazette to move online
The government will this year stop printing the royal gazette for sale to the public and begin publishing new editions online, an official said yesterday. ...
Mech Dara and Shaun Turton
Draft consumer law completed
The Ministry of Commerce has finished the draft consumer protection law and will soon submit it to the Council of Ministers, according to a senior government official. ...
Gov’t okays $5 bil for 2017 budget
The National Budget 2017 was approved on Friday by the Council of Ministers, with a government expenditure of about $5.04 billion. This represents an increase of about 15.6 percent compared to the 2016 budget of $4.36 billion, according to a government statement. ...
Government salaries to rise
Prime Minister Hun Sen, ministers, secretaries of state and 2,500 other civil servants and political figures will receive substantial pay rises after the Council of Ministers approved a draft of the 2017 Draft Law on Financial Management on Friday. During the cabinet meeting, Mr. Hun Sen ...
Massive $23.2B project gets ‘green light’
Several subordinates of a senior minister within the office of the prime minister registered and rubber-stamped a gargantuan $23.2 billion investment project chaired by the minister’s wife, while officials in the know say the project stands little chance of getting off the ground. ...
Jack Davies, Kali Kotoski and Cheng Sokhorng